Key Market Indicators
British music expenditure is set to reach £155 billion by 2026, up from £140 billion in 2021. On average, demand has risen by 0.9% year-on-year since 2000, but fell by 0.2% during the same period. Germany, France and Italy were the second, third and fourth biggest markets respectively. British music revenue is set to reach £3.5 billion by 2026, up from £3 billion in 2021. Year-on-year growth has averaged 2.4%, but since 2013 it has risen by 3.5%. The UK was the biggest market in 2021, although Germany overtook with revenue of £3 billion. The UK, France and Sweden were the second, third and fourth biggest markets respectively.
